Over 40% of the transactions were over the 10L price bracket
29th January 2024, India: CarWale abSure – part of CarTrade Tech Ltd., a multi-channel auto platform to provide hassle-free buying and selling experience to customers, proudly announces the successful sale of over 1000 cars in the month of December 2023. This outstanding achievement is a testament to the platform’s commitment to providing customers with a seamless and transparent used vehicle buying and selling experience. Additionally, the achievement represents a remarkable year-over-year increase of 160 % compared to the same period in the previous year, showcasing CarWale abSure’s substantial growth in sales.
The December 2023 sales data reveals a significant surge, with over 40% of the transactions exceeding the 10-lakh price bracket. Notably, the premium segment witnessed a strong presence of Mercedes, securing an overall 5% of transactions and claiming an impressive 40% market share in the premium segment. Other popular models contributing to this success include Honda City (4.4%), Hyundai Elite i20 (3.7%), Innova Crysta (3.5%), Hyundai Creta (3.2%), and Hyundai Grand i10 (3.2%).
In response to this achievement, Abhishek Patodia, President, CarWale abSure, shared, “We are extremely proud that we have achieved the milestone of over 1000 cars sold through CarWale abSure and Signature dealers in the month of December 2023. As pioneers in the used car ecosystem, CarTrade is at the forefront of innovation, and the sale of 1000 cars on December 23 showcases that consumers want the AbSure offering. Through our platform, we empower a seamless, industry-specific experience, enabling effortless transactions in buying and selling pre-owned vehicles.”
CarWale abSure’s strategic initiatives played a pivotal role in achieving this milestone. High-impact marketing on CarWale used car pages, customised offers and online presence captured the attention of buyers.
As the automotive industry continues to evolve, CarWale abSure remains committed to providing an unparalleled platform for car enthusiasts and buyers, setting new benchmarks in the industry with each passing month.
